Balance Sheet Report

Financial Highlights
12/31/2014
12/31/2015
12/31/2016
3/31/2017
Assets ($000)
Cash and Due from Banks 95,793 177,007 160,570 119,985
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 65,790 34,564 145,654 250,759
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 161,583 211,571 306,224 370,744
Trading Account Securities 0 0 0 0
Available for Sale Securities 553,584 646,805 674,248 696,885
Held to Maturity Securities 430,163 458,400 356,282 347,977
Other Securities 11,557 26,141 12,786 7,292
Total Cash & Securities 1,156,888 1,342,917 1,349,540 1,422,898
Gross Loans Held for Investment 3,987,874 5,413,462 6,202,709 6,235,805
Loan Loss Reserve 42,289 42,437 42,737 42,923
Loans Held for Sale, before Reserves 25,628 225,254 177,866 158,619
Total Net Loans 3,971,213 5,596,279 6,337,838 6,351,501
Real Estate Owned and Held for Investment 34,472 35,402 23,299 21,322
Goodwill 274,706 445,871 470,534 470,534
Core Deposit Intangibles 21,091 27,410 22,804 21,274
Other Intangibles 1,533 1,401 1,270 1,237
Intangible Assets other than Goodwill 22,624 28,811 24,074 22,511
Total Intangible Assets 297,330 474,682 494,608 493,045
Loan Servicing Rights 11,662 29,642 26,302 28,776
Credit Card Rights 0 0 NA NA
Other Loan Servicing Rights 0 0 NA NA
Total Servicing Rights 11,662 29,642 28,050 30,449
Fixed Assets 113,735 169,128 179,223 179,930
Interest Receivable 18,728 23,096 24,606 23,674
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance 112,597 141,067 152,305 153,309
Other Assets 88,504 114,283 110,382 88,583
Total Other Assets 333,564 447,573 466,516 445,496
Total Assets 5,805,129 7,926,496 8,699,851 8,764,711
Memo: Consolidated VIE Assets 0 0 0 0
Memo: Covered Loans 143,041 93,142 0 0
Memo: Covered OREO 6,368 2,818 0 0
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 149,409 95,960 0 0
Liabilities ($000)
Total Deposits 4,838,418 6,218,602 7,059,137 7,230,850
FHLB Borrowings 61,611 452,930 108,542 8,284
Senior Debt 94,251 475,401 118,365 18,374
Trust Preferred (FAS 150) 94,574 95,095 95,643 85,470
Total Subordinated Debt 94,574 95,095 193,770 183,632
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 188,825 570,496 312,135 202,006
Total Other Liabilities 66,235 100,580 95,696 80,790
Total Liabilities 5,093,478 6,889,678 7,466,968 7,513,646
Memo: Consolidated VIE Liabilities 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 711,651 1,036,818 1,232,883 1,251,065
Equity Attributable to Parent Company 711,651 1,036,818 1,232,883 1,251,065
Noncontrolling Interests 0 0 0 0
Total Equity 711,651 1,036,818 1,232,883 1,251,065
Net Unrealized Gain 285 (235) (7,229) (4,473)
Tot Acc Other Comprehensive Inc (7,598) (9,535) (15,904) (12,910)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 68.70 68.30 71.30 71.15
Loans/ Deposits 82.42 87.05 87.87 86.24
Loan Loss Reserves/ Gross Loans 1.05 0.75 0.67 0.67
Reserves/ Loans Held For Investment 1.06 0.78 0.69 0.69
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 1,178,390 3,090,839 2,763,344 3,045,228
Level 1 Assets($000) 0 0 0 0
Level 2 Assets($000) 563,187 860,088 842,833 844,663
Level 3 Assets($000) 36,576 38,816 55,533 35,793
Level 1 Liabilities($000) 0 0 0 0
Level 2 Liabilities($000) 6,293 7,319 5,910 6,524
Level 3 Liabilities($000) 0 0 0 0
FTE Employees(actual) 1,471 1,996 1,965 1,944
Annualized Growth Rates (%)
Asset Growth 1.02 36.54 9.76 2.98
Gross Loans HFI Growth 2.75 35.75 14.58 2.13
Deposit Growth (0.07) 28.53 13.52 9.73
Average Balances ($000)
Avg Gross Loans HFI 3,914,679 4,633,635 5,895,955 6,198,705
Avg Loans HFS 26,337 202,368 237,216 112,105
Average Loans, Gross of Reserves 3,941,015 4,836,002 6,133,171 6,310,810
Avg Securities 1,002,449 1,063,222 1,073,611 1,043,697
Avg Other Int Earn Assets 138,299 74,776 89,514 314,075
Avg Secs & Other Int Earn Assets 1,140,748 1,137,998 1,163,125 1,357,772
Avg Interest Earning Assets 5,081,763 5,974,000 7,296,296 7,668,582
Avg Assets 5,816,517 6,874,982 8,416,510 8,759,448
Avg CDs 1,412,200 1,392,171 1,587,444 1,617,262
Avg Other Interest-bearing Deposits 2,544,868 3,030,200 3,615,993 3,964,591
Avg Interest-bearing Deposits 3,957,068 4,422,371 5,203,437 5,581,853
Avg Debt 186,318 376,208 523,812 282,008
Avg Interest-bearing Liabs 4,143,386 4,798,579 5,727,249 5,863,861
Avg Noninterest-bearing Deposits 921,903 1,125,969 1,467,881 1,558,809
Avg Total Deposits 4,878,971 5,548,340 6,671,318 7,140,662
Avg Preferred Equity 0 0 0 0
Avg Common Equity 691,802 876,915 1,116,038 1,246,903
Avg Equity 691,802 876,915 1,116,038 1,246,903
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.